ALBEDO USD Stock Forecast

High volatility in ALBEDO USD stock price on Friday which ended trading at $0.000008
(Updated on Jun 28, 2024)

ALBEDOUSD Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -11.11%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). ALBEDO USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. The ALBEDO USD stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.00000786 and $0.000007. A breakdown below any of these levels will issue sell signals.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Thursday, June 20, 2024 and based on theory for this formation the price should fall by -25.00% to $0.000006 within 4 trading days since signal was issued (Monday, June 24, 2024).

Support, Risk & Stop-loss for ALBEDO USD stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.000007. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.000003 between high and low, or 50.00%. For the last week, the stock has had daily average volatility of 32.02%.

Our recommended stop-loss: $0.00000761 (-4.92%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (ALBEDOUSD) For The Upcoming Trading Day Of Saturday 29th

For the upcoming trading day on Saturday, 29th we expect ALBEDO USD to open at $0.00000767, and during the day (based on 14 day Average True Range), to move between $0.00000584 and $0.00001016, which gives a possible trading interval of +/-$0.00000216 (+/-27.03%) up or down from last closing price. If ALBEDO USD takes out the full calculated possible swing range there will be an estimated 54.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.000007 (12.50%) than the resistance at $0.000009 (12.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is ALBEDO USD stock A Buy?

ALBEDO USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.

Current score: 0.131 Hold/Accumulate Downgraded

Predicted Opening Price for ALBEDO USD of Saturday, June 29, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.